My answer is, save as much money as you can for crises like these (not to mention, those with cash in times of crisis are the ones best positioned to capture good opportunities
But be careful, even if you don’t have a lot of assets, the legal extent of personal guarantees can allow the person collecting to garnish future wages directly from your W2 or even something like rights to future estate payments.
If you have time and want to go the bank route, you are looking at an APR in the 0-10% range versus 20%+ for a credit card, which for $100,000 can be the difference of $12,000 a year!
Most of the time our vendors just want to know when they might see payments, and want to make sure we are not going out of business.